Omaha daily bee., 1887-04-19
WHEAT SHAKEN Up LIVELY
Timid Bulls Scared and the May Option
Takes Tumble.
A FEELING OF UNCERTAINTY.
Everybody Watching the Movements
Ofthc CIique-A Decline In Corn
-Duilness In Provisions-
Market Quotations.
CHICAGO PRODUCE MARKET.

CHICAGO, April Is. - Special Telegram 10
the BEE. What every outsider in the wheat
trade would like to be able to decide tonight
is: whether the clique has or has not aban-
doned the idea of a May squeeze" There
were signs that IL had, and signs later tnat 1t
had not. The heavy fall of rain throughout
the wheat belt encouraged sellers at the open
Ing, and May wheat started at sic. GuesSes
on the visible supply had little effect on The
market. Those best posted looked Tor de.
crease of over 100000 bushels. but this was
not nearly equal TO the decrease for the same
week a year ago, and was not bull circum
stance. 1t was ~ o'clock before the market
here got the full benefit of these southwest.
ern rains. When the "tailers" saw St Louis
had broken 10@lllsc per bushel at
the very opening down there, timid bulls
here began to sell. One nervous fellow
followed another until at 1880 there was a
troop of them tumbing over each other to get
rid Of long wheat. The clique houses were
giving no support to the market so there was
nothing to stay the alarm. From sac May
wheat dropped to s2sEc, with scarcely stop
ping place any where. II was a long while
before the crowd could decide whether the
drop of &c in May wheat was collapse or a
"shake up" Kershaw " Co. and Irwin,
Green " Co. were very large sellers at the
shaw " Go. alone sold 100000 bushels of
wheat. This figure was cut in the middle
by noon, and by l o'clock there were
those who doubled whether the clique
had not pulled up almost as much
grain as it had sold. La
throp. Smith d Olphant were very
large sellers, and it was the belief that they
had thrown over 100000 bushels upon Leo
pod Bloom. An hour after the break, when
the market had recovered and when May
stood safely above SIC again, those who were
certain early that the wheat deal was
"oif' confessed to conversion. They sadly
admitted that after all, it looked less like a
'sell out'' than a "shake out" AS one bull
expressed 1t, too many children had gotten
into the line" The visible supply figures
showed decrease of 1,304,OOO bushels in
small decrease in corn. In the latter grain
the May option dropped to 37]9g5SSsc when
wheat was the weakest. The loading of corn
into vessels has now commenced In earnest,
and when once navigation opens the decrease
in stock here will begin and go forward rap
IDLY. Provisions were very dull.
The wheat market on the afternoon board
was unsettled and sold up &c, but there ap-
peared to be plenty offered for sale and &c
s2sldS31sc June at sll4 @sl2c, July at sl14@
slIc, closing at the inside bid: September at
S0sIc, December at S41lc. Corn for May sold
at IS. s.0f3s1Sc, June at 40@404c, July at Az
4l&c, September at 431sM43l4c, closing ut
3sHc for May. 40@401sc for June, 411ac for
July. Oats for May sold at 2S3Sd ?s94c, June
at Sgls @ss1c, closing at ssS5e tor May, s9 4
ribs for May sold at Ss.l5@s11i9, June
at Ss.a714@s3O, July at $s.35@s.311s August
at $S.450lS. Az.